SteelPeak Wealth LLC Sells 13,581 Shares of First Trust Managed Municipal ETF $FMB

SteelPeak Wealth LLC lessened its stake in First Trust Managed Municipal ETF (NASDAQ:FMB) by 25.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 40,307 shares of the company’s stock after selling 13,581 shares during the quarter. SteelPeak Wealth LLC’s holdings in First Trust Managed Municipal ETF were worth $2,044,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Investment Planning Advisors Inc. lifted its stake in First Trust Managed Municipal ETF by 15.6% in the third quarter. Investment Planning Advisors Inc. now owns 67,294 shares of the company’s stock valued at $3,412,000 after acquiring an additional 9,060 shares during the last quarter. Seascape Capital Management raised its holdings in shares of First Trust Managed Municipal ETF by 110.0% in the 3rd quarter. Seascape Capital Management now owns 47,250 shares of the company’s stock valued at $2,396,000 after purchasing an additional 24,750 shares during the period. Miracle Mile Advisors LLC lifted its stake in First Trust Managed Municipal ETF by 50.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,070,100 shares of the company’s stock valued at $54,256,000 after purchasing an additional 358,121 shares during the last quarter. HBW Advisory Services LLC grew its holdings in First Trust Managed Municipal ETF by 43.0% during the third quarter. HBW Advisory Services LLC now owns 6,508 shares of the company’s stock worth $330,000 after purchasing an additional 1,956 shares during the period. Finally, TrueWealth Advisors LLC increased its position in First Trust Managed Municipal ETF by 33.9% during the third quarter. TrueWealth Advisors LLC now owns 6,357 shares of the company’s stock worth $322,000 after buying an additional 1,610 shares during the last quarter.

First Trust Managed Municipal ETF Stock Performance

NASDAQ:FMB opened at $51.19 on Friday. First Trust Managed Municipal ETF has a 12-month low of $48.19 and a 12-month high of $51.47. The stock’s 50 day moving average price is $51.15 and its two-hundred day moving average price is $50.50.

First Trust Managed Municipal ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.147 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a c) annualized dividend and a yield of 3.4%.

About First Trust Managed Municipal ETF

The First Trust Managed Municipal ETF (FMB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. FMB was launched on May 13, 2014 and is managed by First Trust.